Power Mech Projects shines on bagging orders worth Rs 1385.49 crore

06 Aug 2018 Evaluate

Power Mech Projects is currently trading at Rs. 995.00, up by 26.75 points or 2.76% from its previous closing of Rs. 968.25 on the BSE.

The scrip opened at Rs. 985.00 and has touched a high and low of Rs. 1005.00 and Rs. 975.00 respectively. So far 2165 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1084.00 on 14-May-2018 and a 52 week low of Rs. 514.00 on 13-Oct-2017.

Last one week high and low of the scrip stood at Rs. 1,005.00 and Rs. 946.05 respectively. The current market cap of the company is Rs. 1454.53 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 17.65% and 19.18% respectively.

Power Mech Projects has received Letter of Intent/Work Orders worth Rs 1385.49 crore.

The company has received Civil work orders for providing necessary Infrastructure viz. furniture and additional class rooms including Library rooms & Electrical facilities in all Government Schools, KGBVs & Bhavitha buildings (Srikakulam, Vizianagaram and Visakhapatnam districts) on Hybrid Annuity Mode (HAM) Project Cost of Rs 872.71 crore by Department of School and Education, Government of Andhra Pradesh (A.P)under Sarva Siksha Abhiyan to be completed within 24 months and operation period of 5 years from the date of completion of the construction.

The company has also received Civil work orders for providing necessary lnfrastructure viz. Furniture and Additional Class Rooms including Library rooms & Electrical facilities in all Govt. Schools,KGBVs & Bhavitha buildings (Krishna&Guntur districts) on Hybrid Annuity Mode (HAM), Project Cost Rs 512.78 crore by Department of School and Education, Govt. of A.P under Sarva Siksha Abhiyan to be completed within 24 months and operation period of 5 years from the date of completion of the construction.

Power Mech Projects is an integrated power infrastructure services company. The Company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.

Power Mech Projects Share Price

4773.00 -230.95 (-4.62%)
09-May-2024 15:40 View Price Chart
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